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New Listing: Electric Royalties (TSXV:ELEC)

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Electric Royalties' focus is to acquire a portfolio of royalties over mining projects that will feed the increasing metal demand from the global electrification of cars and shift to rechargeable batteries and renewable energy.

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Additional Information:

Company: Electric Royalties
Website: http://www.ElectricRoyalties.com
Stock Symbol: TSXV: ELEC
Date Published: Jun 30, 2020
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Electric Royalties is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “ELEC”, following its qualifying transaction with Capital Pool Company Rebel Capital.

Electric Royalties' focus is to acquire a portfolio of royalties over mining projects that will feed the increasing metal demand from the global electrification of cars and shift to rechargeable batteries and renewable energy.

Production capacity of electric vehicles and batteries is slated to significantly increase over the next decade driving demand growth across several key commodities including copper, nickel, graphite, lithium, manganese, vanadium, tin and cobalt.

Electric Royalties intends to focus on these "electric" metals with each of the targeted metals forecast to have significant supply deficits by 2025 with most targeted metals expected to have significant supply deficits by 2022.

Electric Royalties currently has a portfolio of 13 royalties under various binding letters of intent pursuant to which Electric Royalties must satisfy certain conditions precedent in order to close the various acquisitions of the royalties, including completion of the Qualifying Transaction.

Electric Royalties will focus predominantly on acquiring royalties on advanced stage projects as well as operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk.

The company recently closed a non-brokered private placement raising $5.23 million from the placement of 20.9 million shares priced at $0.25.

The shares are trading at $0.35.

For more information, please visit the company’s website www.ElectricRoyalties.com, contact Brendan Yurik, CEO, at 604-364-3540 or email Brendan.yurik@ElectricRoyalties.com

I’m Megan Edwards for Investmentpitch Media